Question
Insurance that indemnifies the owner of real estate in
the event that his or her clear ownership of property is challenged by the discovery of faults in the title is called?Solution
Title insurance is indemnity insurance that protects the holder from financial loss sustained from defects in a title to a property. The most common type of title insurance is lender's title insurance, which the borrower purchases only to protect the lender. Owner's title insurance, paid for by the seller to protect the buyer's equity in the property, is available separately.
Hyperinflation means _______
According to a report by the PHD Chamber of Commerce and Industry (PHDCCI) on 'Viksit Bharat @2047', what is the projected size of the Indian economy by...
As per Companies Act, 2013, in case of public companies, what should be the time gap between two consecutive meetings of the Board?
While finalizing the current year's profit, the company realized that there was an error in the valuation of closing Inventory of the previous year. In ...
Interim Dividend can be paid out of which of the following?
A company has a current market price of ₹500 per share. It announces a Rights Issue in the ratio of 1:4 at an offer price of ₹400. What is the Theor...
Which of the following is a non-current liability?
A type of market where debt and stocks are traded and maturity period is more than a year
How are fictitious assets treated in the balance sheet under Indian GAAP?
When was NABARD established?
